- BOXX Insurance, a Toronto-based cyber insurer, has partnered with Equifax Inc. EFX to launch $1 million Identity Theft Protection coverage amidst growing cyber safety concerns.
- The holiday season spends to grow between 8.5% -10.5% year-over-year, and e-commerce spends expected over $218 billion, spiking new concerns about cyber security.
- With 87% of consumers planning to shop online during the holiday season (13% more compared to 2020), concerns around cybersecurity and protection online have also escalated.
- The heightened concerns over online privacy, ID theft, and protection have led BOXX to enhance its online protection support with $1 million coverage for Identity Theft and Loss, supported by Equifax.
- Price Action: EFX shares closed lower by 0.12% at $282.15 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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